Proposed virtual banks rules fail to address the true future of financial services, risking Hong Kong’s descent into irrelevancy.
Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.
Despite technological improvement and innovation, FIs are still not embracing fintech, and start-ups are finding it harder than expected to gain traction.
US banks lobbied hard for a rollback of the Volcker Rule and a return to proprietary trading to bolster profits. They will soon find that it’s now a different world.
The return of SAC Capital’s founder with a new venture reveals the complicated ethics of a post financial crisis world.
The unbundling of research costs will not only create more transparency but usher in a collapse and change in banking research.
The start of bitcoin futures may increase speculation and international regulatory risks as countries rein in credit.
The recent collapse of OBOR deals shows how inadequate financial regulation is starting to impact international transactions.
Liquidity requires symmetric information, which is easiest to achieve when everyone is ignorant.
HKEX and SFC recently decided to admit dual class share listings, but reject a start-up board. Their decisions will change key regulatory principles.